A home doesn’t have to be a house. It can also be a condominium. Condos can be townhouses, apartments, or even separate structures as long as you only own the space between the walls. For some people, single family homes may be too large or cost too much money. They can still enjoy the benefits of home ownership through a condo. How do you know if an Orlando condo is right for you?
Pros of Owning an Orlando Condo
• Maintenance. With a condominium, you are only responsible for the interior of your unit. You don’t have to mow the yard or paint the exterior. If you have a busy lifestyle or don’t have the ability or desire to maintain the outside of your property, a condo may be a good choice for you.
• Location. Many condos are built in popular areas surrounded by shopping, restaurants, and entertainment. Homes in these areas may be out of your price range, but you can still live there in a condo and have the same neighborhood amenities.
Cons of Owning an Orlando Condo
• Condo Fees. Most condominiums have monthly fees that go toward the maintenance of the property. These fees are in addition to your mortgage payment and can raise your monthly payment considerably.
• Condo Associations. Condominium owners serve on boards that decide how condo fees are spent. They may even decide to use fees for something you will never use.
Need more help deciding if a condo is right for you? Call us today at 407-876-5771. We are happy to help!
